Chairman’s Letter – April 2018

The Romans gave this month the Latin name Aprilis. While scholars debate the exact derivation of the name, traditionalists believe it is most commonly refers to the “season when trees and flowers begin to open.” In Finnish, April is huhtikuu, the time for burning and clearing farmland. In Slovene, recorded as far back as 1466, mali traven is the month when plants start growing. To “open” April, the CFTC has posted a new podcast on their website www.cftc.gov presented by Professor Scott Irwin, an expert in the importance of speculation and its effect on the markets. They also started out…